Lot 1018
Colombia. 8 Reales, 1759 NoRo-JV (Nuevo Reino). Eliz-1; WR-5; KM-33. 26.94 grams. Ferdinand VI, 1746-1759. Pillar coinage. Crowned Bourbon arms. Reverse: Crowned globes flanked by crowned and bannered pillars, over water. Choice, exceptionally even strike, with crisp devices on reflective fields. The splendid gray to steel blue toning only enhances the elegant appearance of the coin. Extremely Rare. Considered the finest known specimen.
NGC graded AU-55.
The Pillar Dollar struck in Colombia at Nuevo Reino is a major rarity. The name, "Nuevo Reino", was actually Nuevo Reino de Granada, or the new kingdom of Granada. This area, corresponding roughly to modern day Colombia, was given its name by the conquistador Gonzales Jiminez de Quesada. The area was named after the kingdom of Granada in Spain, which had existed until 1492.
Estimated Value $50,000 - 60,000.
A nice EF specimen, with noticeable rim bump, fetched $13,500 in the Superior A.N.A Sale, August 1975, lot 1794. The same coin realized $75,000 in 1988. That coin was considered the second finest of the six or seven pieces then known; Illustrated in Money of the World, coin 155; Ex: Irigoyen Collection.
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| Realized $109,250 |
